Real Estate Taxation: Critical Considerations
Live Virtual Seminar
4.00 Credits
Member Price $200.00
Price will increase by $50 on 8/7
Non-Member Price $260.00
Price will increase by $50 on 8/7
Overview
This course is a 'deep dive' into many aspects involving the taxation of real estate for the mid-level practitioner moving into this complex area. You will deepen your understanding of the complex considerations and strategies that individuals must navigate in acquiring, operating, and selling real estate. You will leave the course able to navigate critical issues associated with the relevant returns and plan strategically for your company or clients. We will discuss in detail the impact that recent tax changes have had on the real estate industry, as well as new credits that are available after the Inflation Reduction Act of 2022.
Highlights
- The impact of recent tax legislation on the real estate industry
- Depreciation and recapture
- Determining the basis when acquiring real estate
- Passive activity losses
- Calculation of gain or loss on sale of real estate
- Rental operations
- Installment sales
Prerequisites
Some experience preparing tax returns involving real estate holdings and transactions
Designed For
Accounting and Finance Professionals who advise clients or their company on issues related to the acquisition, operating, and selling of real estate
Objectives
- Understand the most commonly used forms of ownership for real estate holdings and the scenario-based advantages and disadvantages of each
- Know and be able to apply the key considerations in determinations surrounding depreciation and recapture, like-kind exchanges, and the determination of passive activity losses
- Recognize how recent tax legislation impacts commercial real estate
- Recognize how recent tax legislation impacts homeowners
- Identify components for determing a property's tax basis
Leader(s):
Leader Bios
Jason Carney, Information Security Compliance Analy
Jason Carney, CPA, CISA, PMP, CISSP, CCSP, Esq., is a senior manager at ABS, Inc., a boutique consulting firm based in the Washington, DC metro specializing in complex accounting issues. He is also the principal for IRS Problem Free, a tax resolution service. He has more than 15 years of experience in public accounting, consulting, and industry. His specialties include technical accounting, financial statement audit, information security, and tax controversy. Jason has worked in the financial services, software, and federal finance sectors. Jason has taught more than 100 CPE courses for audiences across the country. He has been consistently well-received and specializes in adapting content for the unique needs of each audience. He believes that relevant and engaging training is essential for career development and business success. Jason is a member of the Minnesota Society of CPAs and was a President’s Scholar at the University of Saint Thomas Law School. He is a member of the Minnesota Bar and holds CPA licenses in five jurisdictions. He is Treasurer for Fort Safety, a non-profit focused on keeping families and children safe online. He wrote “What is Business Intelligence and Why Should CPAs Care?” for Footnote magazine and contributed to the upcoming publication What Every Lawyer Needs to Know About Client Trust Accounts. Jason and his CPA wife enjoy reading, spending time with their two children, and playing with their pet Giant Schnauzer, Sarge.
Non-Member Price $260.00
Member Price $200.00